Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$200,375$200,375$562,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$362,125$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%6.443%7.640%
1st payment$1,003.11$1,003.11$3,894.64
2nd payment$0.00$2,338.73$0.00
Taxes / mo$114.42$114.42$114.42
Insurance / mo$166.67$166.67$166.67
MI / mo$163.68$163.68$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.87$3,786.60$4,288.22
Cash to close$424,625$62,500$62,500